REGISTERED NUMBER: 01665339 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Willy's Wine Bar Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E W Parkinson

Mrs M Cracknell

SECRETARY:

E W Parkinson

REGISTERED OFFICE:

17 High Cliff Road

Cleethorpes

North East Lincs

DN35 8RQ

REGISTERED NUMBER:

01665339 (England and Wales)

FIXED ASSETS

Tangible assets

4

111,955

54,128

CURRENT ASSETS

Stocks

24,450

24,254

Debtors

5

16,809

12,328

Cash at bank and in hand

771,271

874,145

812,530

910,727

CREDITORS

Amounts falling due within one year

6

67,055

66,569

NET CURRENT ASSETS

745,475

844,158

TOTAL ASSETS LESS CURRENT LIABILITIES

857,430

898,286

PROVISIONS FOR LIABILITIES

6,925

6,151

NET ASSETS

850,505

892,135

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

850,503

892,133

SHAREHOLDERS' FUNDS

850,505

892,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

E W Parkinson - Director

1.	STATUTORY INFORMATION

Willy's Wine Bar Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on reducing balance

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

35,022

331,645

366,667

Additions

-

63,000

63,000

At 31 March 2025

35,022

394,645

429,667

DEPRECIATION

At 1 April 2024

13,913

298,626

312,539

Charge for year

422

4,751

5,173

At 31 March 2025

14,335

303,377

317,712

NET BOOK VALUE

At 31 March 2025

20,687

91,268

111,955

At 31 March 2024

21,109

33,019

54,128

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

16,809

12,328

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

48,170

28,504

Taxation and social security

13,881

33,321

Other creditors

5,004

4,744

67,055

66,569